At the Multi Commodity Exchange, gold for delivery in April declined by Rs 203, or 0.70 percent, to Rs 28,700 per 10 grams in business turnover of 452 lots. Likewise, the metal for delivery in February shed Rs 133, or 0.48 percent, to Rs 29,378 per 10 grams in 1,672 lots.
Silver prices fell by 0.60 percent to Rs 43,902 per kg in futures trade. At the Multi Commodity Exchange, silver for delivery in March fell by Rs 277, or 0.60 percent, to Rs 43,902 per kg in business turnover of 2,524 lots. In a similar fashion, the white metal for delivery in May declined by Rs 156, or 0.57 percent, to Rs 44,846 per kg in business volume of 78 lots.
Market analysts said besides weak demand at domestic spot markets, a subdued trend in the global markets amid expectations that stimulus will be cut further as US Federal Reserve decides on monetary policy, attributed fall in silver and gold prices at futures trade here.
In the international market, silver fell 0.10 percent to USD 19.56 an ounce in Singapore, dropping for the fourth day in the longest losing streak since November. Globally, gold lost 0.6 percent to USD 1,248.90 an ounce in Singapore.


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